NYSE:GLW - Corning Stock Price, News, & Analysis

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$36.11 -0.02 (-0.06 %)
(As of 09/21/2018 12:19 PM ET)
Previous Close$36.27
Today's Range$36.09 - $36.56
52-Week Range$26.11 - $36.36
Volume141,667 shs
Average Volume4.16 million shs
Market Capitalization$28.55 billion
P/E Ratio21.16
Dividend Yield2.04%
Beta1.35
Corning logoCorning Incorporated manufactures and sells specialty glasses, ceramics, and related materials in North America, the Asia Pacific, Europe, and internationally. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) used in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment manufactures optical fiber and cable; and hardware and equipment products comprising cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables, such as plastic vessels, specialty surfaces, and media and serum, as well as general labware and equipment for cell culture research, bioprocessing, genomics, drug discovery, microbiology, and chemistry. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Nonferrous wiredrawing & insulating
Sub-IndustryElectronic Components
SectorComputer and Technology
SymbolNYSE:GLW
CUSIP21935010
Phone607-974-9000

Debt

Debt-to-Equity Ratio0.44
Current Ratio2.23
Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio21.16
Forward P/E Ratio20.87
P/E Growth2.49

Sales & Book Value

Annual Sales$10.12 billion
Price / Sales2.89
Cash Flow$3.4358 per share
Price / Cash10.51
Book Value$15.50 per share
Price / Book2.33

Profitability

EPS (Most Recent Fiscal Year)$1.72
Net Income$-497,000,000.00
Net Margins-8.32%
Return on Equity12.03%
Return on Assets5.81%

Miscellaneous

Employees46,200
Outstanding Shares810,020,000
Market Cap$28.55 billion

Corning (NYSE:GLW) Frequently Asked Questions

What is Corning's stock symbol?

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning declared a quarterly dividend on Friday, July 20th. Shareholders of record on Friday, August 31st will be paid a dividend of $0.18 per share on Friday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, August 30th. View Corning's Dividend History.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) released its quarterly earnings data on Wednesday, July, 25th. The electronics maker reported $0.38 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.37 by $0.01. The electronics maker had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.67 billion. Corning had a negative net margin of 8.32% and a positive return on equity of 12.03%. The firm's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 earnings per share. View Corning's Earnings History.

When is Corning's next earnings date?

Corning is scheduled to release their next quarterly earnings announcement on Tuesday, October, 23rd 2018. View Earnings Estimates for Corning.

What price target have analysts set for GLW?

11 analysts have issued 1 year price targets for Corning's shares. Their forecasts range from $29.00 to $42.00. On average, they anticipate Corning's stock price to reach $34.85 in the next year. This suggests that the stock has a possible downside of 4.2%. View Analyst Price Targets for Corning.

What is the consensus analysts' recommendation for Corning?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Corning.

What are Wall Street analysts saying about Corning stock?

Here are some recent quotes from research analysts about Corning stock:
  • 1. According to Zacks Investment Research, "Corning continues to benefit from strength in its Optical Communications, Environmental Technologies and Life Sciences business. Solid demand for Gorilla Glass 5 and fiber optics products remain key catalyst. Penetration into developing markets and product portfolio expansion remain tailwinds. Corning is a leading innovator in the glass substrate industry. The company introduced its latest innovation in glass technology, Corning Gorilla Glass 6, to provide the toughest cover glass available for consumer mobile devices. This will likely be a major top line growth driver for the company. Moreover, aggressive share buyback favors bottom line growth. The stock has also outperformed the industry in the past three months on an average. However, building a significant position in China in the prevailing economic and political environment will be challenging for the company given the ongoing trade war between the two nations." (8/30/2018)
  • 2. Guggenheim analysts commented, "We continue to believe consensus numbers look too low through 2019E." (7/25/2018)

Are investors shorting Corning?

Corning saw a decline in short interest in August. As of August 31st, there was short interest totalling 18,678,733 shares, a decline of 16.4% from the August 15th total of 22,331,573 shares. Based on an average trading volume of 3,575,411 shares, the days-to-cover ratio is currently 5.2 days. Currently, 2.3% of the shares of the company are sold short. View Corning's Current Options Chain.

Who are some of Corning's key competitors?

Who are Corning's key executives?

Corning's management team includes the folowing people:
  • Mr. Wendell P. Weeks, Chairman, CEO & Pres (Age 58)
  • Mr. R. Tony Tripeny, Sr. VP & CFO (Age 59)
  • Dr. David L. Morse, Exec. VP & CTO (Age 66)
  • Mr. Lawrence D. McRae, Vice Chairman & Corp. Devel. Officer (Age 59)
  • Mr. James P. Clappin, Exec. VP of Corning Glass Technologies (Age 61)

Has Corning been receiving favorable news coverage?

News coverage about GLW stock has trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Corning earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news coverage about the electronics maker an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Corning.

Who are Corning's major shareholders?

Corning's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.80%), LSV Asset Management (1.54%), Bank of New York Mellon Corp (1.51%), Bank of New York Mellon Corp (1.51%), Northern Trust Corp (1.18%) and Dimensional Fund Advisors LP (0.99%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, James P Clappin, John A Canning Jr, Lawrence D Mcrae, Lewis A Steverson, Lisa Ferrero, Mark S Rogus, Martin J Curran, R Tony Tripeny, Robert F Cummings Jr and Wendell P Weeks. View Institutional Ownership Trends for Corning.

Which institutional investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Morgan Stanley, TCW Group Inc., Park National Corp OH, Levin Capital Strategies L.P., Wells Fargo & Company MN, Northern Trust Corp and Russell Investments Group Ltd.. Company insiders that have sold Corning company stock in the last year include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, Lawrence D Mcrae, Mark S Rogus, R Tony Tripeny and Wendell P Weeks. View Insider Buying and Selling for Corning.

Which institutional investors are buying Corning stock?

GLW stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Janus Henderson Group PLC, Gateway Investment Advisers LLC, Polaris Greystone Financial Group LLC, Chevy Chase Trust Holdings Inc., Bank of New York Mellon Corp, Bank of New York Mellon Corp and Westpac Banking Corp. View Insider Buying and Selling for Corning.

How do I buy shares of Corning?

Shares of GLW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $36.38.

How big of a company is Corning?

Corning has a market capitalization of $28.55 billion and generates $10.12 billion in revenue each year. The electronics maker earns $-497,000,000.00 in net income (profit) each year or $1.72 on an earnings per share basis. Corning employs 46,200 workers across the globe.

How can I contact Corning?

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The electronics maker can be reached via phone at 607-974-9000 or via email at [email protected]


MarketBeat Community Rating for Corning (NYSE GLW)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  724 (Vote Outperform)
Underperform Votes:  684 (Vote Underperform)
Total Votes:  1,408
MarketBeat's community ratings are surveys of what our community members think about Corning and other stocks. Vote "Outperform" if you believe GLW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/21/2018 by MarketBeat.com Staff

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